CASH RESERVE RATIO Definition

Bookmark and Share

CASH RESERVE RATIO (CRR) is a ratio which banks have to maintain with itself in the form of cash reserves or by way of current account with the Reserve Bank, computed as a certain percentage of its demand and time liabilities. The objective is to ensure the safety and liquidity of the deposits with the banks.

Learn new Accounting Terms

SIGHT DRAFT is a draft which is payable on demand.

YTD is Year To Date; meaning the period beginning of the calendar year, January 1st of the current year, or the fiscal year up until todays date.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.